Increasing Demand for Carbon Black to Boost Its Market

Posted on: Nov-2017 | By: QY Research | Consumer Goods & Retailing

Carbon black is a deep black-colored, fine powder that is produced by burning hydrocarbons in inadequate air. Owing to its conducting, tinting, and reinforcing properties, it is used in numerous sectors. The largest consumer of carbon black is the tire industry. It elevates the abrasion resistance and tensile strength of the automotive tires and offers strength and longevity. There has been a spike in the carbon black demand for inks and coatings & paints, in turn, fueling the growth of the carbon black market.

Specialty carbon blacks improve viscosity, conductivity, and UV protection and offer sharp color. They form the major part of the non-rubber use of carbon black contributing to the market growth. Metallurgy is yet another developing consumer market for specialty carbon black. The rising use across the end-use industries such as automotive, packaging, textile, and paints & coatings is anticipated to drive market growth. The growing demand from the plastics industry for several products such as extruded profiles, pipes, belts, and hoses is also predicted to boost the demand.

Industrial rubber mixtures and other tools that are utilized in the manufacturing and construction sectors demand huge amounts of carbon black to deliver strength. Huge investments are been done in R&D by all the companies to enhance their product quality and gain a competitive edge. Also, now several companies are elevating their manufacture of specialty carbon black or moving their existing production to specialty carbon black from normal carbon black owing to the huge cost and the rising demand for the similar.

Emerging trends—that have an unswerving influence on the industry dynamics—consists of the drive from goods to more specialize quality specialty carbon black and elevating usage of specialty carbon black as a dye in lightweight automotive components to improve the UV protection and conductivity properties.

The market poses a hazard from other materials that may swap carbon black such as silica that might impact carbon black’s demand. The increasing distresses for the environment are also a restraint for the market growth. The costs of raw materials for the carbon black’s production have also been changing that has caused vagueness in the market.